Louis Whaling
Real Estate Broker Inc.
Real Estate Broker

182 12TH Street, Hanover, Ontario, N4N1T8

Property Type: Multi-family
Bedrooms: 8
Bathrooms: 6
Storeys: 3
Floor Space: 2358.0000
Land Size: under 1/2 acre

Price: $1,200,000.00

Rare Opportunity to pick most of your own tenants. This well kept legal 6 plex in Hanover, Ontario offers 4 - 1 bedroom apartments & 2 - 2 bedroom apartments. Currently there are 2 units vacant & 2 more to be vacant by the end of April. Fill the vacant units yourself or the current seller can fill them for you. With the new anticipated rents, this place should net approximately $62,641 a year for a cap rate of 5.22%. One apartment is currently being renovated with updates that include new flooring, bath & kitchen. There are 5 hydro panels & a gas manifold that will accommodate up to 5 gas meters. The building passed fire code in 2020. The metal roof was done in 2018 and there is a large onsite parking lot. Right now there is a huge demand in the area for rental units and not to many rental buildings in the area in this condition that offer a cap rate of over 5%. Dont miss out on this opportunity. (id:22352)


Building Information

: 8
Total Bathroom
: 6
Partial Bathroom
: 0
Cooling Type
: None
: 3
Exterior Finish
: Brick
Foundation Type
: Stone

Property Information

Transaction Type: For sale
Ownership Type: Freehold
Title: Freehold
Sewer: Municipal sewage system
Utility Water: Municipal water

Land Information

Features: Crushed stone driveway, Country residential, Laundry- Coin operated

Other Information

Ammenities NearBy: Shopping


Address: 182 12TH Street, Hanover, Ontario, N4N1T8
Location Information: 182 12th Street, Hanover (West of 7th Ave)